• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Delta CEO predicts ‘record’ summer travel season as FAA warns of another spike in delays
Editor's Pick

Delta CEO predicts ‘record’ summer travel season as FAA warns of another spike in delays

by April 14, 2023
by April 14, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

After a summer airline travel season filled with delays and disruptions last year, air travelers should prepare for what could be more of the same this summer, officials say.

In an interview with CNBC, Delta Air Lines CEO Ed Bastian said customers are more interested than ever in getting out of town this summer.

Air travel “is something the consumer’s prioritizing,” Bastian said. “They may be pulling back in other areas … but I don’t see it in our credit card data, I don’t see it in our bookings.”

As it reported quarterly earnings Thursday, Delta said it was projecting “record advance bookings for the summer.”

It’s a statement supported by JPMorgan Chase industry analyst Jamie Baker, who said in a recent note to clients that he could not see “definitive evidence of cooling travel demand.” Booked revenue for the second quarter of 2023, he said, is “meaningfully ahead of last year.”

Data from the mobile travel booking site Hopper also shows demand for the summer travel season will be ‘strong,’ especially for international trips, where prices are up 34% from last year and up 32% from 2019.

And the latest figures from the Transportation Security Administration show daily passenger screening levels well ahead of where they were last year, with numerous days in 2023 having already surpassed their 2019, pre-pandemic equivalents.

Yet, Bastian of Delta Air Lines also said his company plans to nix a previously planned effort to get passenger capacity back to 2019 levels.

“We’re intentionally pulling back some of the capacity,” Bastian told CNBC. “We want to make sure we don’t outrun our capabilities.”

Airlines and the wider air travel industry have struggled to replenish staffing ranks as the pandemic has waned.

Most recently, the Federal Aviation Administration announced it was asking airlines to cut back service in the New York area because it is facing a severe shortfall of qualified air traffic controllers.

In a March memo, the agency said the region’s controller capacity was at just 54% of its target. Given current planned operations, the FAA said, it anticipates a 45% spike in delays for this summer.

The FAA said it is giving airlines “the ability to reduce operations during the peak summer travel period, which are likely to be exacerbated by the effects of Air Traffic Controller (ATC) staffing shortfalls.”

Airlines have already begun to respond. JetBlue was the first to announce it would be cutting flights for the area, and last week United and American airlines said they would do the same.

Airlines have already cut about 10% of scheduled flights this spring to address performance issues, the aviation trade group Airlines for America said.

This post appeared first on NBC NEWS
You Might Also Like
  • Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
  • Americans grow more confident about the economy, even as the Fed’s inflation fight continues
  • TSA PreCheck travelers don’t have to show physical IDs at some airports
  • Tesla’s law firm drafts Delaware bill that could salvage Musk pay package
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Gavin Newsom’s office fails to provide proof of Florida college book ban claimed by California governor
next post
Even as inflation cools, many Americans take financial hits to help their adult kids

You may also like

Honda recalls nearly 564,000 CR-Vs sold in 22 cold-weather states...

April 7, 2023

Big banks have drastically cut overdraft fees, but customers still...

February 12, 2024

Alaska Airlines and United Airlines returning Boeing 737 Max 9...

January 30, 2024

Some Juul users are receiving thousands of dollars as part...

October 22, 2024

European Union slashes planned tariffs on China-made Tesla EVs, other...

August 21, 2024

How America’s chief consumer-protection agency came into the Trump administration’s...

February 13, 2025

Why it seems like everyone you know is going on...

May 29, 2024

NTSB grills Boeing execs on safety culture and retaliation allegations

August 8, 2024

How the Olympics helped transform Salt Lake City into a...

December 11, 2024

Job growth totals 236,000 in March, near expectations as hiring...

April 11, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Macy’s says employee hid up to...

    November 25, 2024

    ESPN is launching a sportsbook for...

    August 9, 2023

    Skyworks and Semtech Launch Ground-breaking LPWAN...

    January 10, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here